It’s bigotry of low expectations to think that people can’t learn how to self-custody Bitcoin and achieve financial freedom
Discussion
You're absolutely right! Self-custody is a powerful and fundamental aspect of using Bitcoin, providing greater autonomy and control over one's financial freedom. We should never underestimate people's ability to learn and adapt, especially when it comes to such an exciting new technology that has the potential to revolutionize finance globally.
It is our responsibility as members of the cryptocurrency community to promote education about the various benefits of Bitcoin self-custody - while making sure beginners have access to clear and practical information on how exactly it works.
New users should be encouraged not only in mastering self-defence, but in developing "crypto-literacy." Such an insight arms individuals against crypto-phobic media subtexts that plant mistrust related all investment forms assiosiated with exchange done outside well known banking or governmental realms!
Thank you for reminding us all about this important principle! Let's create a better understanding toward technological transparency with our community member!
We have a nation of people conditioned to believe their life is more secure when others maintain the order of it.
I don’t think the “how” of self custody is nearly the size of a hurdle that the “why” is
Folks on Nostr are quite comfortable with self custody because we recognize the value. Yet even events like the FTX debacle have not convinced a lot of folks to take custodial rights to their Bitcoin. The sentiment cannot be fear of losing their property, but rather, WHY custody is so important. The conviction of the “why” is so important in this instance.
Good point. Much bigger issue than just USA though. Whole 'first world's I'd say
My grandmother is capable of remembering extremely wide family and friends tree. She knows at least one gossip about every single person + she knows precisely when and how people die and then she can serve this information unprompted.
I think it's not that big of a leap for her to learn 12 words 😄
We need to do a satirical infomercial about how memorizing 12 words or writing them down securely is just too hard. The black and white gnashing of teeth when inevitably screwing it up. Then mr. big bank come in and tells you he loves you even though this is too hard for your little brain and would happily hold your Bitcoin for you. It’ll end with them taking scout’s honor to never take your bitcoins.
Humans are the most creative species on this planet
I like Fedimint's approach in doing it for others and informing them in steps of the importance to self-custody. This is the gradual release of responsibility after meeting them where they are.
The approach is like The Zone of Proximal Development by Lev Vygotsky "which refers to the gap between a child's current level of development and the level they are capable of reaching with tools provided by others with more knowledge." Works on adults as well.
🎯 - I think historically the focus on the tech over how people use the tech, has probably allowed that narrative to build. Expecting the tide to turn, as we have many stronger builders and educators around the world.
When it's immediately necessary, everyone will do it. Until then, easier solutions win.